Search Results for: tax
Greece Economic Crisis Enters Year 9
March 28th, 2016
Greece’s fledgling economy fell back into recession in the fourth quarter of 2015, as the combination of sky-high unemployment, weak inflation and a shaky financial sector ended a turbulent year defined by political crisis and uncertainty. Gross domestic product ...
IBM blockchain leader Jerry Cuomo using ‘shadowchains’ to launch moonshots
March 28th, 2016
IBM has been building momentum behind blockchain by championing the Linux Foundation’s Hyperleder Project and creating its own Open Blockchain (OBC) among other things. IBM’s vice president of blockchain Jerry Cuomo, who recently gave testimony before US Congress about ...
Low Oil Prices Forcing Saudi Arabia To Modernize Economy
March 28th, 2016
The collapse in oil prices is forcing Saudi Arabia to undertake some deep and fundamental changes to its economy, reforms that no amount of browbeating from organizations like the IMF could induce. A new report from The Atlantic Council finds that ...
Japan considers giving away money to boost consumption
March 25th, 2016
Following the examples Finland, Canada and the Netherlands, the Japanese government is considering issuing money ‘vouchers’ to poor young people, according to Sankei daily. Tokyo plans to include gift certificates for low-income youngsters in the fiscal supplementary budget this year. The ...
China’s yuan to face pressure if dollar rises sharply: c.bank adviser
March 25th, 2016
China’s yuan will come under renewed downward pressure if the U.S. dollar rises significantly in coming months, a policy adviser to the People’s Bank of China said on Friday. Huang Yiping, a professor at Peking University and a member ...
FSMA warns the public against the activities of supposed law firms
March 24th, 2016
The Financial Services and Markets Authority (FSMA) has issued a press release to warn the public against the activities of the supposed law firms Cole & Rushton LLC and Ernst & Taylor LLP, which are offering to help victims ...
Broker-dealer owner indicted in $17 million pump-and-dump scheme
March 24th, 2016
Guy Gentile accusing of fraudulently inflating price of stocks Scheme involved Raven Gold Corp., Kentucky USA Energy Inc. The owner of a New York broker-dealer was charged with fraudulently inflating the price of two micro-cap stocks before selling them to ...
German government advisers trim economic growth forecast
March 23rd, 2016
The German government’s independent panel of economic advisers has trimmed its growth forecast for this year to 1.5 percent, pointing Wednesday to growing risks to exports. The forecast compared with the panel’s 1.6 percent forecast made in November for ...
Italian police open money laundering investigation of broker linked to HSBC
March 23rd, 2016
An Italian financial broker who worked on behalf of HSBC in the Swiss town of Lugano is under investigation for possible money laundering in a probe linked to a wider tax evasion case, an Italian finance police colonel told ...
Credit Suisse accelerates its restructuring
March 23rd, 2016
Tidjane Thiam, Chief Executive Officer of Credit Suisse, commented: “Our recent performance has highlighted further two key areas of challenge for Credit Suisse: – Our fixed cost base, and – Our scale in Global Markets in the Americas and ...
